CEE FX: Hungary budget and Turkey cuts per ING
FROM THE WIRE · FXSTREET.COM
ING’s Frantisek Taborsky highlights Hungary’s draft budget as key for regional bonds, with much optimism already priced on a deficit below 5% of GDP. He expects the National Bank of Hungary to keep rates at 5.50%, the Central Bank of Turkey to resume cuts to 36.00%, and EUR/RON…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralExpectations on rates and budgets in Central and Eastern Europe matter for regional bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ING highlights Hungary's draft budget as key for regional bonds.
- 02A deficit below 5% of GDP is already largely priced in, according to the analysis.
- 03The National Bank of Hungary is expected to keep rates at 5.50%, while Turkey resumes cuts to 36.00%.